Browse content similar to 26/10/2011. Check below for episodes and series from the same categories and more!
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confirmed by the Electoral Commission that Ennahda is well | :00:01. | :00:11. | |
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ahead in the vote. We now have World Business Report. This is | :00:15. | :00:21. | |
World Business Report. Showdown in Brussels, eurozone leaders made to | :00:21. | :00:29. | |
tackle the debt crisis. Ford heads for increased profits. Its finances | :00:29. | :00:37. | |
are solid. In Singapore, the Dreamliner is set to take off three | :00:37. | :00:47. | |
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years later than planned due to production delays. The pressure is | :00:52. | :00:57. | |
well and truly on for eurozone leaders today. They are meeting in | :00:57. | :01:00. | |
Brussels to hammer out a comprehensive solution to the debt | :01:00. | :01:05. | |
crisis. Central to the meeting will be attempts to reach agreement on | :01:05. | :01:11. | |
boosting the bail-out fund. Leaders will be looking at the crucial | :01:11. | :01:14. | |
issue of strengthening the banking system to make sure it can | :01:14. | :01:19. | |
withstand any further shocks to the system. Another core issue will be | :01:19. | :01:23. | |
deciding how much Greek debt to write off. There will be special | :01:23. | :01:28. | |
attention on Italy, which is under intense pressure to cut its | :01:28. | :01:36. | |
enormous debt. There are fears it could follow Greece. We go to | :01:36. | :01:43. | |
Brussels. Let's talk about enlarging the bail-out fund, this | :01:43. | :01:52. | |
is key, isn't it? There is speculation it will come in the | :01:52. | :01:59. | |
form of an insurance scheme, is that workable? Only temporarily. | :02:00. | :02:03. | |
Countries have limited the amount of capital that is at risk with the | :02:03. | :02:09. | |
bail-out fund. We could give partial insurance and increase the | :02:09. | :02:15. | |
headline the size of the fund, but it does not really help. What is | :02:15. | :02:20. | |
going to be the acid test for the fund, is whether it will be able to | :02:20. | :02:24. | |
bring down the borrowing costs for Italy and Spain down to sustainable | :02:24. | :02:29. | |
levels, that will not be known today. Do you think that would | :02:29. | :02:35. | |
happen if there was this insurance scheme in place? Will the ECB have | :02:35. | :02:44. | |
to step in? Germany is resisting that. France is pushing for the ECB | :02:44. | :02:54. | |
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to be central to enlarging the other way from where we sit today | :02:54. | :02:58. | |
unless the European Central Bank stepped in a much larger way for | :02:58. | :03:05. | |
the panic to be stemmed reliably for the foreseeable future. If it | :03:05. | :03:13. | |
is expanded and leveraged, it could temporally help. But it is a band | :03:13. | :03:19. | |
aid and it is not going to last. is a very tricky situation for | :03:19. | :03:25. | |
eurozone leaders, they want to work within the confines of the current | :03:25. | :03:28. | |
framework, without having to go back to governments to get | :03:28. | :03:34. | |
distilled past, because that is very sensitive politically, so you | :03:34. | :03:44. | |
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can see why it is important to get an agreement? -- this deal past. | :03:47. | :03:51. | |
Yes, in 2010 the economic problems were rather limited. Since then the | :03:51. | :03:59. | |
economic problems have got larger and larger. It has got to the point | :03:59. | :04:04. | |
where it is no longer clear that there is enough political space in | :04:04. | :04:09. | |
the eurozone area to reliably contain the crisis. With the | :04:09. | :04:12. | |
European Central Bank, the decision-making at the ECB is | :04:13. | :04:22. | |
:04:23. | :04:24. | ||
majority based. It lies outside the normal government channels. It is a | :04:24. | :04:30. | |
sad thing to say, unfortunately, at this point in time, democratic | :04:30. | :04:34. | |
accountability does not seem to be compatible with the most sensible | :04:34. | :04:41. | |
economic decisions that need to be taken. The ECB with its unlimited | :04:41. | :04:45. | |
firepower has better decision- making mechanisms, it is the only | :04:45. | :04:51. | |
thing that can stand the panic and give us time and safe to make the | :04:51. | :05:00. | |
structural change necessary. Absolutely. Thank you. We go to the | :05:00. | :05:04. | |
Singapore office. The Dreamliner finally takes wing, it has been a | :05:04. | :05:11. | |
bit delayed, hasn't it? Yes, by a couple of hours. Hopefully the | :05:11. | :05:20. | |
maiden commercial flight of the 787 will take off today. It has been | :05:20. | :05:24. | |
three years in waiting because of large production delays. | :05:25. | :05:29. | |
Development costs have been over budgeted in the billions of dollars. | :05:29. | :05:35. | |
Everyone is saying that it is a milestone in aircraft design. It is | :05:35. | :05:40. | |
built largely of hi-tech plastic rather than aluminium. Boeing says | :05:40. | :05:46. | |
the new aircraft is 20% more fuel- efficient than its predecessor. It | :05:46. | :05:54. | |
makes new roads profitable for airlines. The 787 is critical for | :05:54. | :05:58. | |
gaining cost competitiveness. Going forward, analysts are saying that | :05:58. | :06:06. | |
the success or failure will depend much on Japan. More than one-third | :06:06. | :06:16. | |
:06:16. | :06:16. | ||
of the Dreamliner is billed by Japanese companies. -- is built. | :06:16. | :06:24. | |
Boeing says it hopes to build 10 planes per month by 2013. Hopefully | :06:24. | :06:30. | |
in a couple of hours we will see the Dreamliner taking off. Thank | :06:30. | :06:35. | |
you. Third-quarter earnings from Ford are released later today, the | :06:35. | :06:39. | |
numbers are expected to be an improvement from this time last | :06:39. | :06:47. | |
year. It is the 10th consecutive quarter of improved profit. It has | :06:47. | :06:51. | |
been adding customers and cutting back on the huge discounts it | :06:51. | :07:01. | |
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offered to bring them in. It has big plans for Asia. In America big | :07:01. | :07:07. | |
never went away. Vehicles like this one are helping to drive sales at | :07:07. | :07:14. | |
Ford. The American car maker is in profit. The recovery has been kind | :07:14. | :07:20. | |
to Ford. Since 2009 it became profitable again, its sales | :07:20. | :07:25. | |
continue to grow faster up an impressive feat given how high the | :07:25. | :07:31. | |
US unemployment rate is and the economic slowdown that brought the | :07:31. | :07:35. | |
GM and Chrysler to the brink. The pieces continue to come together | :07:36. | :07:40. | |
for Ford. A recent agreement with the Union workers in America will | :07:40. | :07:47. | |
help it controlled labour costs. The company has won new customers | :07:47. | :07:55. | |
while offering fewer discounts. need to be selling new products and | :07:55. | :08:00. | |
looking to make sure that we have a prospect for the future of | :08:00. | :08:08. | |
expanding. Can debt laden Ford win over Wall Street? Last week it | :08:08. | :08:18. | |
moved one step closer. SNP lifted Ford's credit-rating. We have seen | :08:18. | :08:24. | |
the improvement of the cashflow and the conclusion that their ability | :08:24. | :08:30. | |
to stay profitable in North America is in good shape. Among American | :08:30. | :08:34. | |
drivers, the quality rating has dropped over the past year. For | :08:35. | :08:42. | |
investors, its ability to turn a profit seems more reliable. More | :08:42. | :08:48. | |
stories to update you on. Profits at Amazon have dropped 73% after | :08:48. | :08:54. | |
the company invested heavily in the Kindle computer. The company, the | :08:54. | :09:01. | |
largest online internet retailer or made $63 million. Amazon forecast | :09:01. | :09:07. | |
lower than expected sales for the next quarter. It is all change at | :09:07. | :09:13. | |
the top for IBM. The global sales achieved will take over as chief | :09:13. | :09:18. | |
executive in January. She will be one of the most powerful women in | :09:18. | :09:25. | |
US business. Let's have a quick look at the markets. Worries that | :09:25. | :09:35. | |
:09:35. | :09:36. |